methanol
Jun 16th, 2010
US Projects Receive Funds to Demonstrate Carbon Capture
Three projects in the US have been selected to receive up to $612m (£414m) from the American Recovery and Reinvestment Act - matched by $368m in private funding - to demonstrate large-scale carbon capture and storage from industrial sources.
Two of the three projects will use the stored CO2 for enhancing the recovery of oil, while...
Feb 16th, 2010
Ethyl Acetate (ETAC): 2010 World Market Outlook And Forecast Been Recently Released by MarketPublishers.com
LONDON – Global Ethyl Acetate (ETAC) demand is expected to grow at 3-4%/year due to the demand for surface coatings, moreover, ETAC is to replace the restricted solvents.
Global demand for industrial coatings is estimated to grow at around 3% a year from 2010 to 2015 with China, Japan, and South Korea leading the way....
Feb 5th, 2010
Ethanol 2010 World Market Outlook And Forecast Been Recently Released by MarketPublishers.com
LONDON – Within Chemicals & Petrochemicals Reports Package 2010, a newly updated market report “Ethanol: 2010 World Market Outlook And Forecast” has been recently issued by Market Publishers, Ltd. The report features important aspects of ethanol market, provides its full and thorough analysis, focusing on the regional, country and world markets. It is broken...
Jul 27th, 2009
Japan MMA Producers’ Demand for Methanol Falls 38% on Year in H1
Japan methyl methacrylate producers’ demand for methanol feedstock fell 38% year on year to 169,500 mt in the first six months of 2009 due to lower demand for MMA products from automobile manufacturers, figures released by the Japan Petrochemical Industry Association showed Friday.
However, the pace of decline has been falling, with the...
Jul 22nd, 2009
Saudi Petrochemical Companies are to Oppose the Anti-dumping Duties (ADD) that China Will Impose on Saudi Methanol Imports.
China may recommend imposing ADD on companies accused of dumping methanol onto the Chinese market. Some media sources have claimed that the dumping margins will range between 30% to 60% depending on the origin of the product.
Saudi Basic industries Corporation (SABIC) said that it is cooperating with the Saudi commerce ministry to solve the issue...
Jul 14th, 2009
Sipchem and Hanwha Chemical Sign Joint Venture Agreement for Polymers Projects
Saudi International Petrochemical Company (Sipchem) and Hanwha Chemical Corporation of South Korea announced that they have signed a Joint Venture Agreement today to establish a new petrochemical company in Al-Jubail Industrial City, Saudi Arabia that will be owned 75% by Sipchem and 25% by Hanwha Chemical. The new polymers venture comprises of a 200,000 metric...
May 29th, 2009
Overcapacity Looms Large in Some of China’s Petrochemical Sub-Sectors
China’s petrochemical industry faces an overcapacity problem in some sub-sectors, according to statistics from China Petroleum and Chemical Industry Association (CPCIA ).
The operating rates of equipment in the ethylene, sodium carbonate, caustic soda, carbide, polyvinyl chloride, methanol and phosphate and refining sectors all ran below capacity in April.
Feng Shiliang, vice secretary of CPCIA, suggested that...
May 26th, 2009
New Coke-oven Gas to Methanol Production Line Runs in Shanxi
China’s first set of devices that can produce 300,000 tons of methanol with coke-oven gas annually just completed construction and started operation on May 25, 2009 in Changzhi City, Shanxi Province, the largest coke production base in China.
Tianji Coal Chemical Industry Group Co., Ltd., formerly known as Shanxi Chemical Fertilizer Plant, and Shanxi Lu’an Environmental...
May 18th, 2009
China May be Preparing for Methanol Dumping Investigations
China could be preparing for — or be already investigating - alleged dumping of methanol by producers in Southeast Asia and the Middle East, market sources said Thursday on the sidelines of the 2009 Asia Petrochemical Industry Conference in Seoul, South Korea.
But, no official announcement or notification has been seen so far.
However, a major methanol...
Apr 24th, 2009
China Petrochemical Sector Sends Clear Signals of Warming Up in Q1
China’s petrochemical sector has shown marked signs of warming up in the first quarter, according to the latest statistics from the Ministry of Industry and Information Technology. The combined crude oil, natural gas and product oil output of the coun try’s four major oil producers went up 10.6 percent, 5.5 percent and 1 3.7 percent...
Apr 7th, 2009
The Linde Group and Sinopec Subsidiary Conclude Long-term Agreement on Industrial Gases Supply in Chongqing, China
The technology group The Linde Group has secured a contract with Sinopec Sichuan Vinylon Works (SVW) to jointly build gas plants and produce industrial gases for the long-term supply to SVW’s chemical complex. This collaboration will result in an initial investment of approximately EUR 50 million.
This partnership will establish a 50:50 joint venture between Linde...
Mar 20th, 2009
Japan MMA Producers’ Feb Methanol Requirements Fall 50% on Year
Demand for methanol feedstock from Japanese methyl methacrylate producers fell at least 50% in February compared with the same period last year, as sales have been hit by weaker demand for MMA products from automobile manufacturers, figures released by the Japan Petrochemical Industry Associated showed Thursday.
Japan’s MMA output tumbled 59% in February 2009 compared...
Mar 19th, 2009
Glacial Acrylic Acid Demand Will be Increasing at 2%/Year Mainly due to the SAPs Market Growth
LONDON-Since late last year, Acrylic acid market has been facing tough conditions. Asian glacial acrylic acid and acrylate esters markets witnessed a downtrend, downturn continued in the European market that remained oversupplied. Rapidly decreasing demand from downstream markets was typical for US.
The situation is expected to change in the second half of 2009 -...
Mar 10th, 2009
Brunei ‘Very Close’ to Methanol Exports to Japan
Methanol produced in Brunei will be ready for export mainly to Japan in less than one year. This bold prediction was made by the acting chairman of the Brunei Economic Development Board (BEDB), Dato Paduka Timothy Ong, in an interview with the Borneo Bulletin yesterday.
This would be possible when the Brunei Darussalam Methanol Plant,...
Mar 6th, 2009
China’s Hunger for Methanol Boosts Jan Imports to Over 400,000 mt
China’s imports of methanol surged to 403,406 mt for January, according to latest statistics from Chinese Customs.
This monthly figure is the highest since Platts began tracking China’s methanol import statistics from Chinese Customs in 2000, and market sources said it was likely a record high.
The earlier record was December 2008 when China imported 361,670...
Feb 17th, 2009
China Methanol Prices Rise to Three-Month High on Bullish Traders
Chinese methanol prices continued to rise Monday, on the back of firm buying interest from traders, who anticipated prices would increase further.
CFR spot prices rose to $202.50/mt CFR China, up $5/mt from last Friday.
This was the first time since November 19 that methanol spot prices in China have gone beyond the $200/mt CFR...
Feb 5th, 2009
Petrochemicals Market Reports 2009 were Released by Merchant Research & Con-sulting Ltd
LONDON, England Merchant Research & Consulting Ltd. (http://mcgroup.co.uk) completed a series of reports devoted to the Petrochemicals Markets in January 2009.
The Reports Package captures the main petrochemical intermediates, which are produced from the primary olefins and aromatics building blocks. They are Acetic Acid, Acetone, Acrylic Acid, Acrylonitrile, Ammonia, Cyclohexane, Ethanol, Ethyl Acetate, Monoethylene Glycol, Ethylene...
Feb 4th, 2009
MHI Signs 9th Technology License Agreement To Capture Carbon Dioxide from Flue Gas And Increase Urea Production at Fertilizer Plant in Vietnam
Mitsubishi Heavy Industries, Ltd. (MHI) has signed a license agreement for its carbon dioxide (CO2) recovery technology with Samsung Engineering Co., Ltd., a major engineering company in Korea. Samsung Engineering will use MHI’s proprietary “KM-CDR Process” technology in the CO2 recovery system which Samsung will construct at the Phu My Fertilizer Plant of PetroVietnam Fertilizer...
Dec 22nd, 2008
China Petroleum & Chemical Sector Up Only 0.8%
China’s petroleum and chemical industry inched up merely 0.8 percent to reach the CNY 484.25 billion output value in November.
The proportion marked the five-year lowest November growth and slumped 17.7 percentage points from a month earlier, according to the China Petroleum and Chemical Industry Association (CPCIA). In particular, the indicator was negative 1.5 percent...